Buying a new property can be fraught with difficulties. First of all, you’ll have to find something suitable that is within your price range.
Then, you’ll have to deal with all the hassles of selling a home you currently occupy. All that can be enough to put people off the idea of relocating. However, it’s often the amount of money involved that caused the greatest issues. For that reason, we thought it might be a good idea to publish a post that gives you some handy money-saving tips.
When all’s said and done, you want your children to grow up in the best property you can afford. So, sometimes there is no alternative to finding somewhere new. The ideas listed below this paragraph are guaranteed to ensure relocating to a new home doesn’t break the bank. You might have made a tidy little profit on your current home, but that is no good to anyone if it’s eaten up by the cost of moving.
Look for people who want a quick sale
Finding people who are looking for a quick sale can be tricky on your own. However, your local estate agencies will know a lot about their clients, and so they are the best people to give you advice. While they make their money from commission, they don’t make a penny while the house is on the market. For that reason, they should be inclined to let you know which of their clients is most-likely to accept a low offer.
Make low offers on potential properties
Even if the property is well within your budget, it still makes sense to offer the lowest amount possible. Most people will turn your offer down, but at least you will have started negotiating at the best level for you. If sellers refuse to budge on their asking price, you should simply let them know you can’t afford it and look elsewhere. Of course, there is always a chance you will get a phone call a couple of days later saying they’ve changed their minds. If you would like to see some more information on average UK housing prices to give you some perspective, you should check out The Housing Rebound infographic.
Use government schemes
The UK government has recently introduced some “help to buy” schemes to assist people in purchasing a property. You should aim to make use of these schemes and any other help on offer. At the end of the day, that is the best way of ensuring you spend the least amount of money possible. While they do require you to fulfill certain obligations, these incentive schemes are the best tool available when purchasing a new property.
You should now be in the best position to spend as little as possible when buying a new home for your family. Wherever you decide to move, we wish you the best of luck with your purchase. So long as you follow our advice, you should have some funds left over for home improvements, etc.
See you next time!
Photo by Tristan Martin.